Is AMP Global Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with AMP Global try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether AMP Global is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker AMP Global
AMP Global is affiliated by ownership with AMP Futures (USA, Chicago Based). The European subsidiary was established in 2010 to provide services outside North America. The broker is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC, 360/18). AMP Global is a member of the Investor Compensation Fund and pays great attention to the safety of clients' funds. Separate accounts in European banks are used for their storage of deposits, which is completely separated from the authorized capital of the broker itself.
| 💰 Account currency: | USD, EUR, GBP, PLN |
|---|---|
| 🚀 Minimum deposit: | USD / EUR / GBP 100 |
| ⚖️ Leverage: | Up to 1:100 |
| 💱 Spread: | From 1 pip |
| 🔧 Instruments: | Exchange-Traded Futures, Forex, Metals, Energies, Indices, Stocks, Crypto CFD |
| 💹 Margin Call / Stop Out: | 100% - 50% |
Pros and cons of AMP Global
👍 Advantages of trading with AMP Global:
•membership in the Investor Compensation Fund – acts as a guarantee to protect the client's interests in the event of a dispute;
•availability of a CySEC license;
•no restrictions on trading strategies.
👎 Disadvantages of AMP Global:
•the minimum deposit is USD / EUR / GBP 100;
•no zero spreads;
•there are no micro (cent) accounts;
•the broker does not hold contests among traders and does not provide an opportunity to receive bonuses;
•There are no investment programs or PAMM accounts.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is AMP Global Regulated? Broker’s license
Security (Protection for Investors)
Information
AMP Global Clearing (Amp Global Ltd.) is licensed and regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC). License number: 360/180.
The broker also operates under the EU Markets in Financial Instruments Directive (MiFID) and is a member of the Investor Compensation Fund. This guarantees the payment of insurance to the trader if the company is unable to independently compensate the client for damage after a disputable financial situation.
👍 Advantages
- Clients' money is kept in segregated accounts separate from the company's capital
- Accounts are protected from a negative balance
- Insurance payment up to €20,000 in case of a valid claim
👎 Disadvantages
- The regulator does not consider small claims of private traders
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by AMP Global, which you can see below.
To identify trading and non-trading commissions, Traders Union analysts conducted a thorough examination of AMP Global's terms and conditions. The broker calculates the spread, as well as the commission per lot (when trading futures), the amount of which depends on the exchange chosen by the client. There is no withdrawal fee. Payment systems and banks charge fees in the range of 0.5-3% for transactions on trading accounts.
| Account type | Spread (minimum value) | Withdrawal commission |
| Trading | From $10 | No |
| Corporate | From $10 | No |
| Islamic | From $10 | No |
Brokers that are similar to AMP Global
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of AMP Global conditions with its closest competitors.
Comparison of AMP Global with other Brokers
| AMP Global | RoboForex | Pocket Option | Exness | Octa | Libertex | |
|---|---|---|---|---|---|---|
Trading platform |
WebTrader, Mobile, MetaTrader5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MetaTrader4, MetaTrader5 |
Libertex, MT5, MT4 |
Min deposit |
$100 |
$10 |
$5 |
$10 |
$25 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 1 point |
From 0 points |
From 1.2 point |
From 1 point |
From 0.6 points |
From 0.1 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution, STP |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
AMP Global is a stockbroker for active trading with the conditions which are more suitable for professionals. Newcomers to Forex and adherents of passive income should choose other companies for cooperation.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
The Octa broker has tried to adapt its conditions as much as possible to the various trading strategies used by traders. However, at the moment the company is more focused on active market participants, rather than passive investors.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
Conclusions
AMP Global cannot be considered absolutely reliable. The broker operates on a license of an offshore regulator. This creates certain risks regarding security of your funds. The broker has a good reputation. However, you can work with companies with an offshore regulation only at your own risk.
- Is SmartFX Regulated? Is it safe?
- Is Varchev Regulated? Is it safe?
- Is Tradeo Regulated? Is it safe?
- Is Axiory Regulated? Is it safe?
- Is Markets.com Regulated? Is it safe?
- Is Infinox Regulated? Is it safe?
- Is MultiBank Regulated? Is it safe?
- Is TriumphFX Regulated? Is it safe?
- Is Trademax Regulated? Is it safe?
- Is CapTrader Regulated? Is it safe?
- Is ATFX Regulated? Is it safe?
- Is Exinity Regulated? Is it safe?
- Is Surge Trader Regulated? Is it safe?
- Is Gerchik&Co Regulated? Is it safe?
- Is iFOREX Regulated? Is it safe?
- Is AAFX Regulated? Is it safe?
- Is Axi Regulated? Is it safe?
- Is FXChoice Regulated? Is it safe?
- Is Fidelity Regulated? Is it safe?
- Is LMAX Regulated? Is it safe?
- Is Libertex Regulated? Is it safe?
- Is TFI Markets Ltd Regulated? Is it safe?
- Is ThinkMarkets Regulated? Is it safe?
- Is NAGA Regulated? Is it safe?
- Is Hantec Markets Regulated? Is it safe?
- Is Spreadex Regulated? Is it safe?
- Is TeleTrade Regulated? Is it safe?
- Is InstaForex Regulated? Is it safe?
- Is Investmarkets Regulated? Is it safe?
- Is Thinkorswim by TD Ameritrade Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.